How can XMR be more private than BTC if XMR will have an huge blockchain? - page 2.

pereira4

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Quote from: Spoetnik on December 27, 2016, 02:53:46 AM

An interesting Monero criticism brought up a few times before over the years.

Lets say BTC has been out for 8 years at 72 gigs.
Then lets say Monero has 2 years at 8 gigs.
Lets multiply Monero.. Same time period would then be 32 gigs roughly.

So what is the difference ? ADOPTION Cheesy

Monero has none and Bitcoin has LOTS.

So imagine the user base as equal..

And that is the underlying point here people are playing games about.
If the Monero guys hope to achieve BTC levels of adoption and far greater then ?
THAT is when there is an issue.
It's about creating something with known problems from the start as mentioned in the quote here earlier.

I think it's moot point though because Monero is not going anywhere.
It peaked and is destined to toil and wallow in obscurity forever.

This is what im talking about, when you consider the idea of Monero going as high as Bitcoin's current adoption (and we are all still pioneers in bitcoin if you consider it to mainstream tier usage) then Monero collapses. It cannot avoid node centralization. Bitcoin has already solved this by going the offchain route with LN, but Monero is yet to tell us what they are going to do, and thats why I cant consider a serious long term investment for XMR.

Febo

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Quote from: Spoetnik on December 27, 2016, 02:53:46 AM

I think it's moot point though because Monero is not going anywhere.
It peaked and is destined to toil and wallow in obscurity forever.

then all worries with blockchain size are just waste of time.

Spoetnik

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An interesting Monero criticism brought up a few times before over the years.

Lets say BTC has been out for 8 years at 72 gigs.
Then lets say Monero has 2 years at 8 gigs.
Lets multiply Monero.. Same time period would then be 32 gigs roughly.

So what is the difference ? ADOPTION Cheesy

Monero has none and Bitcoin has LOTS.

So imagine the user base as equal..

And that is the underlying point here people are playing games about.
If the Monero guys hope to achieve BTC levels of adoption and far greater then ?
THAT is when there is an issue.
It's about creating something with known problems from the start as mentioned in the quote here earlier.

I think it's moot point though because Monero is not going anywhere.
It peaked and is destined to toil and wallow in obscurity forever.

kolloh

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Quote from: Andretti83 on December 26, 2016, 05:21:23 PM

Quote from: Febo on December 26, 2016, 12:06:49 PM

Monero block chain is 8 GB what is less then Ethereum and way less then Bitcoins.

Monero blockchain actually is around 3-3.5 GB. If you make fresh sync and have app that count traffic, you can check this.

After downloading blockchain stored in data.mdb in redundant format (to operate faster), which makes the file grow to about 8 GB.

Yeah Monero is quite a bit smaller than BTC blockchain at the moment. Though if it grows to the same adoption rate, I'm sure it has the capacity to grow just as large as bitcoin. It still has plenty of room before it reaches a level near bitcoin though.

Andretti83

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Quote from: Febo on December 26, 2016, 12:06:49 PM

Monero block chain is 8 GB what is less then Ethereum and way less then Bitcoins.

Monero blockchain actually is around 3-3.5 GB. If you make fresh sync and have app that count traffic, you can check this.

After downloading blockchain stored in data.mdb in redundant format (to operate faster), which makes the file grow to about 8 GB.

Ayers

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Leading Crypto Sports Betting & Casino Platform

bitcoin blockahain is 70GB and is growing 10 giga per year if i remember correctly, monero is 1/9 of that so why you say it's a big blockchain? of course it's much olde than let's say zcash, so it must be bigger than the new coin, but still quite small than the bigger boys

Febo

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Monero block chain is 8 GB what is less then Ethereum and way less then Bitcoins.

I am running a node and I am not a corporation.
So when do you expect I will become a corporation? Any timeline?

pereira4

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I was discussing this in another thread. It's pretty much assumed that Monero's blockchain will be huge if more people start using it and they will not be able to keep it from growing since they have choosen to go the dynamic blocksize route, and it's a tradeoff for the extra privacy technology for the blockchain to be biggger. The question to be asked here is: What's the point, if the blocksize is going to become so big that the nodes will be way too heavy for regular users and more and more node centralization will ensue until only specialized people will be able to run nodes?

Quote from: phoenix rises on December 23, 2016, 01:55:53 PM

Quote from: pereira4 on December 23, 2016, 01:38:36 PM

I want to get back into Monero, I invested originally back in the day but eventually sold. It seems they are finally making it more user friendly with the GUI. But I still have problems with the scalability problem. Some people complain about Bitcoin's blockchain being too heavy but we already got it figured out with segwit, lightning network etc to scale for the next years. Now my question is, how is Monero going to deal with its blockchain which as far as I remember is a couple times heavier than Bitcoin or grows at a faster rate? Also how fast is Monero nowadays compared to Bitcoin?

I guess for its niche that is not an important but its still good to know how thinks are going to be dealt with in the future.

Yes, blockchain will be bigger, but I dont see many people complaining about BTC blockchain size - it's the block size and subsuquent congestion that is the real issue, and we have that covered with adptive blocksizes, so we will never have to have the debate that is going on with BTC now. At the end of the day its just data storage, and the price paid for XMR privacy is a bigger chain. Sure, that will likely lead to more node centralisation in the future, but that seems an unavoidable part of this tech.

It is clear to me how Bitcoin with a conservative block size that allows people to run nodes + the extras that will come with segwit, confidential transactions, tumblebit, mimblewimble etc, is way more private than XMR with a network that is basically centralized (nodes too big to be spread across the globe, only corporations running the nodes).

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